The big pancake is really powerful—#BTC just pulled another push around 80400. The big pancake short position is only about 200 points away from getting stopped out, and it got swept. Right now it’s retracing and has poked down to 79300 but hasn’t broken and continued; it’s small bouncing and grinding on the plate. In the short term, we still need to watch whether it can break back above 80000 and hold steady. If it holds, it can push higher again to hit new highs. Resistance is around 81200, 82000, and 83000. On the downside, if it retraces back to 79000 and breaks, then we should pay attention to around 78000. For now, let’s look for range-bound movement between 78000 and 80000.